Davis was the owner of Master Marketing Consultants and involved in at least 13 mortgage loan transactions ranging from $200,000 to $500,000. Along with the Kassebaums, Davis was also involved in the alleged fraudulent loan transactions of seven houses ranging from $200,000 to $400,000. In addition, the indictment charges Hall and Spencer of being involved in a similar fraud conspiracy surrounding the transactions of nine houses with mortgage loans ranging from less than $300,000 to more than $750,000.